Study: Policy Frameworks Hinder Expansion of Renewable Energies

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While governments around the world spend billions of dollars to rebuild economies in times of the COVID-19 pandemic, they fail to steer investments into the urgently needed energy transition. Not only are the deployment targets across the globe far too low to deliver the exponential growth of renewables required and therewith meet the objectives of the Paris Agreement, but also the increasing use of renewable energy auctions creates substantial additional barriers to achieving exponential growth.

The latter is the result of a new study commissioned by the energy policy think tanks Energy Watch Group, World Future Council/Global Renewables Congress and Haleakala Stiftung. In particular, this finding applies to the market segments of small and medium sized... ... More: Official Press Release Energy Watch Group

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Energy Watch Group, study, report, renewable energy, auction, policy, energy transition, global, IRENA, deployment, growth, barriers